Saudi Almarai Q1 net profit grows 5pc
Riyadh, April 6, 2013
Saudi Arabian dairy producer Almarai Company said its first quarter net profit was SR255 million ($68 million), a 5.4 per cent rise over the same quarter of 2012 but a 30.9 per cent drop from the previous quarter.
The company said in a bourse statement on Saturday it attributed its year-on-year profit growth to increased revenue in all its products, particularly in poultry sales. The fall in income from the last quarter was a result of seasonal consumption habits, it said.-Reuters